Under Armour tops 2Q net income and revenue expectations

Under Armour Inc. (UA) on Thursday reported second-quarter net income of $14.8 million.

The Baltimore-based company said it had profit of 7 cents per share.

Continue Reading Below

The results topped Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The sports apparel company posted revenue of $783.6 million in the period, also topping Street forecasts. Fourteen analysts surveyed by Zacks expected $761.8 million.

Under Armour expects full-year revenue of $3.84 billion.

Under Armour shares have climbed 32 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 3 percent. The stock has increased 50 percent in the last 12 months.

_____

Advertisement

This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on UA at http://www.zacks.com/ap/UA